Fundz

Modular Secures $100M To Build Tools To Optimize And Create Ai Models

PRIVATEAug 24, 2023

Amount Raised

$100 Million

Round Type

Funding Round

Palo AltoSoftwareData And AnalyticsScience And EngineeringArtificial Intelligenceinformation technology & services

Investors

SV Angel

Description

Modular, a startup creating a platform for developing and optimizing AI systems, has raised $100 million in a funding round led by General Catalyst with participation from GV (Google Ventures), SV Angel, Greylock and Factory.

Who else raised in Data And Analytics and Science And Engineering around the same time

Companies in the same sectors as Modular that raised within 45 days of this round, from Fundz verified event records.

  • EdgeCortix raised $20M (Funding Round) on October 4, 2023.
  • RIOS raised $1.1M on September 29, 2023.
  • Bright Money raised $12M (Funding Round) on September 27, 2023.
  • Ahura AI raised $2.7M (Seed) on September 22, 2023.
  • d-Matrix raised $110M (Series B) on September 6, 2023.
  • Inworld AI raised an undisclosed amount on August 2, 2023.

Who to call at Modular, and when

A new round usually means Modular is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Modular raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Modular, from your own LinkedIn network

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Company Information

Company

Modular

Location

Palo Alto, California, United States

About

But these companies, the Modular co-founders posit, show a preference for their tooling and infrastructure at the expense of the AI’s progress. Founded by former Apple and Google engineers and execs, the company today closed a large ($30 million) seed round led by GV (formerly Google Ventures), with participation from Greylock, The Factory and SV Angel to realize its vision of a streamlined, platform-agnostic AI system development platform. “The reason those companies are successful at deploying AI is that they amass armies of developers, incredibly talented AI tinkerers, and use their vast compute and financial resources to further their own efforts and products — including their own clouds and AI hardware. Modular has other rivals, including Lightning AI and Gantry, both of which sell access to infrastructure for creating and maintaining AI models.

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Modular raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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